Replies to post #704497 on Mr Cooper Group Inc (COOP)

[vodkadejour]

On what website did dmdm write this today on 02-22-23?

[Ray_137]

WHEN? THIS HAPPENS.TIA.

[PickStocks]

It is the same message as AZ, next he will pretend to be paid….yes 67k for p’s….really

[JusticeWillWin]

Wow, then I will receive $52.6 MILLION, great news! Really! Even better than the previous absurd projection...

From dmdm today:

Dmdmd1 on Today at 11:26:25 AM
(Note that 2.5x cash is consistent with Ron and others.)

IMO...if the "source" is accurate about WMI recoveries (as of May 20, 2021, the date of Alice's filing) of $625 billion

1) Cash = $25 billion; thus WAMPQ = $2,664.48; WAMKQ = $66.11; WAMUQ = $5.23
2) Stock = $600 billion; thus WAMPQ = $63,467.49; WAMKQ = $1,586.68; WAMUQ = $125.59
3) The cash portion of the WMI recoveries will be taxed at Long Term Capital Gains (please consult your tax professionals)
4) The stock portion can be leveraged to get a loan (I'm not condoning to get a loan, but if you need a loan, I'm just giving a potential scenario of Securities Backed Line Of Credit).
I started a thread on off topics section:
https://www.boardpost.net/forum/index.php?topic=18342.0
The above thread was started in May 2022, so the rates I listed were for 2022. Thus, the interest rates are currently higher now than last year.
5) IMO...the new COOP preferred that will be issued will have a coupon rate, so if the coupon rate is greater than the cost of a loan, then
a) No taxes due on the loan, because it is not considered income
b) The coupon rate should be in excess of the loan costs
c) You might be able to deduct the interest paid on the loan (consult your tax professional)
For example: if the loan cost is 5%, then you need to have a coupon rate of more than 5% to cover the cost of the loan.